First-Floor Office
For Sale
Contact for pricing
5555 Gull Road 205B, Kalamazoo, MI 49048
Open-plan office accommodation with landlord-led build-to-suit capability for qualified tenants.
Property Size35,075 SF
Price / SF$0.01
Days on Market57
Property Features for 5555 Gull Road 205B
General Information
Standard status
Active
Size
35,075 SF
Net Rentable
2,410 SF
Elevators
Yes
Additional Details
Floor
1
Amenities
onsite building management
key fob entry
common-area restrooms
monument signage
Building Details
Buildings
1
Stories
3
Building Size
35,075 SF
Tenancy
Multi
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 459-0439
Source:
Charterpropertiesgr
Added: Aug 20
Changed: Sep 14
Last Checked: Oct 14 at 10:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
The property includes a 2,410 RSF first-floor office suite within an approximately 35,075-square-foot, three-story freestanding office building. The current layout is open, with the landlord prepared to complete build-to-suit work for a qualified tenant. Building features include an elevator, key fob access, shared restrooms, monument signage, ample parking, and onsite management in an owner-occupied setting.
Located at the northeast corner of Gull and Sprinkle Roads, the office is 3 miles from the Ascension Borgess Hospital campus and within 4 miles of downtown Kalamazoo. Existing occupants include Kalamazoo Orthodontics, Quest Diagnostics, Your Path Family Law, Trillium Staffing, Asthma Allergy Center, Simon Medical, and Fi-Tek.
Located at the northeast corner of Gull and Sprinkle Roads, the office is 3 miles from the Ascension Borgess Hospital campus and within 4 miles of downtown Kalamazoo. Existing occupants include Kalamazoo Orthodontics, Quest Diagnostics, Your Path Family Law, Trillium Staffing, Asthma Allergy Center, Simon Medical, and Fi-Tek.
Key Highlights
- 2,410 RSF first‑floor office suite
- Approximately 35,075‑square‑foot, three‑story freestanding office building
- Open floor plan with build‑to‑suit options for qualified tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,154
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,080
$483.1K
Cap Rate 7%
$345,057
$345.1K
Cap Rate 9%
$268,378
$268.4K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$34.7K $14.40/SF
− Vacancy
−$2.5K −$1.04/SF
EGI
$32.2K $13.36/SF
− OpEx
−$8.1K −$3.34/SF
NOI
$24.2K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,080
Cap Rate 7%
$345,057
Cap Rate 9%
$268,378
Alternative Uses
Best Use
Office B
$345.1K
$301.9K – $402.6K
NOI $24,154 @ 7.0% cap · market cap 185,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$630.6K
$551.8K – $735.8K
NOI $44,145 @ 7.0% cap · market cap 339,576.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Open-plan office accommodation with landlord-led build-to-suit capability for qualified tenants.
Where is this office units located?
The property is located at 5555 Gull Road 205B Kalamazoo, MI.
What are key features of this property?
This property features: 2,410 RSF first‑floor office suite; Approximately 35,075‑square‑foot, three‑story freestanding office building; Open floor plan with build‑to‑suit options for qualified tenants
